3 years ago

Why was the Organization of Petroleum Exporting Countries formed?

1 answer:

6 0

Answer:

When OPEC was formed in 1960, its main goal was to prevent its concessionaires—the world's largest oil producers, refiners, and marketers—from lowering the price of oil, which they had always specified, or “posted.” OPEC members sought to gain greater control over oil prices by coordinating their production and export

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